I would consider a TD motor or atleast a TD head, Oil squiters, TD pistons rings, turbo diesel manifold, TD intake, rods.... etc
Turn up the fuel and decrease the idle screw, have an open intake and exhaust with a muffler, look around for a TD which are out there, ebay, scrappy, or on this board.
If you want more power consider the governor mod, and this will help to reduce your fuel usage but have a nice power band abover 2250 rpm with is when the pump begins to cut fuel off on these pumps.
The governor mod will not be a major increase on an NA motor because of the lack of extra Airflow to sustain the extra fuel from the pump. Others will post here and prob tell you more about the advantages.......